SOA Wealth Advisors LLC. Trims Stock Position in Oshkosh Co. (NYSE:OSK)

SOA Wealth Advisors LLC. decreased its stake in Oshkosh Co. (NYSE:OSK) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,268 shares of the company’s stock after selling 125 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Oshkosh were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSK. V Square Quantitative Management LLC acquired a new position in Oshkosh in the third quarter valued at approximately $25,000. Blue Trust Inc. grew its position in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new position in Oshkosh in the fourth quarter valued at $32,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the third quarter worth about $34,000. Finally, International Assets Investment Management LLC raised its position in shares of Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after acquiring an additional 893 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Down 1.0 %

OSK stock opened at $110.44 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $99.58 and a two-hundred day moving average of $103.12. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.97 and a beta of 1.22.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, analysts forecast that Oshkosh Co. will post 11 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.85%. Oshkosh’s payout ratio is presently 17.78%.

Analysts Set New Price Targets

A number of research firms have recently commented on OSK. Robert W. Baird dropped their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Truist Financial boosted their price objective on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, January 31st. UBS Group increased their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James boosted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Morgan Stanley increased their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.00.

Oshkosh Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.